ITV (ITV) Receives “Buy” Rating from Liberum Capital

Liberum Capital restated their buy rating on shares of ITV (LON:ITV) in a report released on Monday. They currently have a GBX 330 ($4.48) price target on the broadcaster’s stock.

Other analysts have also issued research reports about the company. Kepler Capital Markets reaffirmed a hold rating and issued a GBX 175 ($2.37) price objective on shares of ITV in a report on Wednesday, November 15th. Deutsche Bank reaffirmed a hold rating and issued a GBX 180 ($2.44) price objective on shares of ITV in a report on Wednesday, November 15th. Morgan Stanley reissued an overweight rating and set a GBX 230 ($3.12) price target on shares of ITV in a report on Thursday, November 23rd. Shore Capital reissued a buy rating on shares of ITV in a report on Tuesday, November 14th. Finally, Goldman Sachs Group reissued a buy rating and set a GBX 224 ($3.04) price target on shares of ITV in a report on Friday, September 22nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. ITV currently has an average rating of Buy and an average target price of GBX 208.47 ($2.83).

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Shares of ITV (ITV) opened at GBX 165.35 ($2.24) on Monday. ITV has a fifty-two week low of GBX 142.80 ($1.94) and a fifty-two week high of GBX 221.76 ($3.01). The company has a market capitalization of $6,660.00 and a price-to-earnings ratio of 1,653.50.

In other news, insider Mary Harris bought 2,013 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were bought at an average cost of GBX 167 ($2.26) per share, for a total transaction of £3,361.71 ($4,558.87). Also, insider Roger Faxon bought 1,950 shares of the firm’s stock in a transaction that occurred on Friday, December 29th. The stock was purchased at an average price of GBX 164 ($2.22) per share, for a total transaction of £3,198 ($4,336.86).

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About ITV

ITV plc (ITV) is an integrated producer broadcaster. The Company creates, owns and distributes content on multiple platforms. It operates through two segments: Broadcast & Online and ITV Studios. The Broadcast & Online segment operates the commercial family of channels in the United Kingdom and delivers content through television broadcasting.